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Martin Flumenbaum and Brad S. Karp, partners at Paul, Weiss, Rifkind, Wharton & Garrison, discuss ReliaStar Life Insurance Company of New York v. EMC National Life Company , where the Circuit held that the inclusion of a general provision that each party will bear the fees of its own arbitrator and attorneys in an arbitration agreement does not deprive an arbitral panel of its inherent authority to award such fees as a sanction against a party that acted in bad faith during the arbitration.
May 27, 2009 at 12:00 AM
1 minute read
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